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Fullerton REO (bank owned) homes - still hard to find - selling fast

If we use Fullerton real estate as any gage at all, then REO (bank owned) homes are still very hard to find. At this moment there are on 14 of them in all of Fullerton. These are single family homes, not condos. Of these, 9 are priced under $400,000, which is to say that the low end of the market has more available than any other segment. We are sure this is due to the mortgage defaulting situation of lower income families - but this is also where the "bargain hunters" are shopping. Homes in this range move very quickly, thus creating the "hard to find" situation.

Looking for these homes can be easily done at North Orange County real estate or at Fullerton real estate.

Posted by Robert Foust |North Orange County | Fullerton Real Estate | Brea Real Estate on 10/13/2009 11:59 AM

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Originally posted at: Foust Team Real Estate Blog: Fullerton REO (bank owned) homes - still hard to find - selling fast

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